The table given below summarizes the $2022$ income statement and end$-$year balance sheet of Drake's Bowling Alleys. Drake's

financial manager forecasts a $10\%$ increase in sales and costs in $2023.$ The ratio of sales to average assets is expected to remain at

$0\mathrm{.}40.$ Interest is forecasted at $5\%$ of debt at the start of the year.

${?}^a$ Assets at the end of $2021$ were $$7,200,000.$

bebt at the end of $2021$ was $$2,500,000.$

a$.$ What is the implied level of assets at the end of $2023?$

Note: Enter your answer in dollars not in thousands.

b$.$ If the company pays out $50\%$ of net income as dividends, how much cash will Drake need to raise in the capital markets in $2023?$

Assumes debt remains constant.

Note: Do not round intermediate calculations. Enter your answer in dollars not in thousands.

c$.$ If Drake is unwilling to make an equity issue, what will be the debt ratio at the end of $2023?$

Note: Enter your answer as a percent rounded to nearest whole number.